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Financial assets and liabilities (Tables)

12 Months Ended

Dec. 31, 2021

Financial assets and liabilities

Schedule of financial instruments classification based on its recognition


		December 31, 2021								December 31, 2020
						At fair value								At fair value
				At fair value		through				Amortized		At fair value		through profit
Financial assets		Amortized cost		through OCI		profit or loss		Total		cost		through OCI		or loss		Total
Current
Cash and cash equivalents (note 23)		11,721		—		—		11,721		13,487		—		—		13,487
Short-term investments (note 23)		—		—		184		184		—		—		771		771
Derivative financial instruments (note 20)		—		—		111		111		—		—		134		134
Accounts receivable (note 10)		703		—		3,211		3,914		4,499		—		494		4,993
Loans - Related parties (note 31) (i)		—		—		—		—		195		—		—		195
		12,424		—		3,506		15,930		18,181		—		1,399		19,580
Non-current
Judicial deposits (note 28)		1,220		—		—		1,220		1,268		—		—		1,268
Restricted cash		117		—		—		117		38		—		—		38
Derivative financial instruments (note 20)		—		—		20		20		—		—		66		66
Investments in equity securities (note 14a)		—		6		—		6		—		757		—		757
Loans - Related parties (note 31) (i)		—		—		—		—		923		—		—		923
		1,337		6		20		1,363		2,229		757		66		3,052
Total of financial assets		13,761		6		3,526		17,293		20,410		757		1,465		22,632

Financial liabilities
Current
Suppliers and contractors (note 11)		3,475		—		—		3,475		3,367		—		—		3,367
Derivative financial instruments (note 20)		—		—		243		243		—		—		328		328
Loans, borrowings and leases (note 23)		1,204		—		—		1,204		1,136		—		—		1,136
Dividends payable		—		—		—		—		1,220		—		—		1,220
Liabilities related to the concession grant (note 14b)		760		—		—		760		209		—		—		209
Loans - Related parties (note 31) (i)		—		—		—		—		490		—		—		490
Other financial liabilities - Related parties (note 31)		393		—		—		393		235		—		—		235
Contract liability		566		—		—		566		644		—		—		644
		6,398		—		243		6,641		7,301		—		328		7,629
Non-current
Derivative financial instruments (note 20)		—		—		592		592		—		—		689		689
Loans, borrowings and leases (note 23)		12,578		—		—		12,578		13,891		—		—		13,891
Loans - Related parties (note 31) (i)		—		—		—		—		895		—		—		895
Participative stockholders' debentures (note 22)		—		—		3,419		3,419		—		—		3,413		3,413
Liabilities related to the concession grant (note 14b)		1,437		—		—		1,437		2,103		—		—		2,103
Financial guarantees (notes 15c and 23e)		—		—		542		542		—		—		877		877
		14,015		—		4,553		18,568		16,889		—		4,979		21,868
Total of financial liabilities		20,413		—		4,796		25,209		24,190		—		5,307		29,497

Schedule of assets and liabilities measured and recognized at fair value


		December 31, 2021								December 31, 2020
		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Financial assets
Short-term investments (note 23)		184		—		—		184		771		—		—		771
Derivative financial instruments (note 20)		—		118		13		131		—		182		18		200
Accounts receivable (note 10)		—		3,211		—		3,211		—		494		—		494
Investments in equity securities (note 14a)		6		—		—		6		757		-		—		757
Total		190		3,329		13		3,532		1,528		676		18		2,222

Financial liabilities
Derivative financial instruments (note 20)		—		835		—		835		—		998		19		1,017
Participative stockholders' debentures (note 22)		—		3,419		—		3,419		—		3,413		—		3,413
Financial guarantees (notes 15c and 23e)		—		542		—		542		—		877		—		877
Total		—		4,796		—		4,796		—		5,288		19		5,307

Schedule of changes in Level 3 assets and liabilities


		Derivative financial instruments
		Financial assets		Financial liabilities
Balance at December 31, 2020		18		19
Gain and losses recognized in income statement		(7)		(16)
Translation adjustments		2		(3)
Balance at December 31, 2021		13		—

Schedule of fair value and carrying amounts of loans and financing


		December 31, 2021				December 31, 2020
		Carrying amount		Fair value		Carrying amount		Fair value
Quoted in the secondary market:
US$ Bonds		7,448		9,151		7,448		10,025
Eurobonds		—		—		920		985
Debentures		387		387		496		496
Debt contracts in Brazil in:
R$, indexed to TJLP, TR, IPCA, IGP-M and CDI		354		449		860		857
R$, with fixed interest		13		—		34		35
Basket of currencies and bonds in US$ indexed to LIBOR		11		11		56		56
Debt contracts in the international market in:
US$, with variable and fixed interest		3,615		3,231		3,225		3,278
Other currencies, with variable interest		87		54		—		—
Other currencies, with fixed interest		107		117		120		134
Total		12,022		13,400		13,159		15,866